VeriSign, Inc. (VRSN) To Go Ex-Dividend on May 19th

VeriSign, Inc. (NASDAQ:VRSN) declared a — dividend on Friday, April 25th, Wall Street Journal reports. Investors of record on Monday, May 19th will be paid a dividend of 0.77 per share by the information services provider on Wednesday, May 28th. The ex-dividend date of this dividend is Monday, May 19th.

VeriSign Stock Performance

VeriSign stock opened at $272.79 on Friday. The company has a market cap of $25.68 billion, a P/E ratio of 34.10 and a beta of 0.87. VeriSign has a one year low of $167.05 and a one year high of $276.71. The business has a fifty day moving average of $243.21 and a two-hundred day moving average of $214.07.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.10 EPS for the quarter, meeting the consensus estimate of $2.10. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%. The firm had revenue of $402.30 million during the quarter, compared to analysts’ expectations of $400.44 million.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VRSN shares. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Robert W. Baird upped their target price on VeriSign from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Friday. Finally, Citigroup lifted their price target on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th.

Insider Transactions at VeriSign

In related news, SVP John Calys sold 447 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25. Following the sale, the senior vice president now owns 23,735 shares of the company’s stock, valued at $5,500,586.25. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.84% of the company’s stock.

VeriSign Company Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.